Rhumbline Advisers Cuts Stake in Aon plc (NYSE:AON)

Rhumbline Advisers reduced its stake in shares of Aon plc (NYSE:AON) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 368,790 shares of the financial services provider’s stock after selling 6,014 shares during the period. Rhumbline Advisers owned approximately 0.17% of AON worth $132,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. PUREfi Wealth LLC acquired a new stake in shares of AON during the fourth quarter worth $432,000. V Square Quantitative Management LLC lifted its stake in shares of AON by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,338 shares of the financial services provider’s stock worth $840,000 after buying an additional 31 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of AON by 57.2% during the fourth quarter. Vontobel Holding Ltd. now owns 151,415 shares of the financial services provider’s stock worth $54,382,000 after buying an additional 55,094 shares during the period. Catalyst Financial Partners LLC lifted its stake in shares of AON by 7.1% during the fourth quarter. Catalyst Financial Partners LLC now owns 1,170 shares of the financial services provider’s stock worth $420,000 after buying an additional 78 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in AON by 2.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 83,101 shares of the financial services provider’s stock valued at $29,948,000 after purchasing an additional 2,093 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AON

In related news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total transaction of $256,321.00. Following the completion of the sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AON shares. BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods boosted their target price on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Piper Sandler boosted their target price on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $407.00 to $420.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, AON currently has an average rating of “Hold” and a consensus target price of $386.21.

AON Stock Down 0.8 %

AON stock opened at $387.22 on Friday. The stock has a market capitalization of $83.74 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.09 and a beta of 0.93. The firm has a 50-day simple moving average of $365.76 and a 200-day simple moving average of $359.36. The company has a quick ratio of 2.05, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a 52 week low of $268.06 and a 52 week high of $395.33.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the previous year, the company earned $3.89 earnings per share. Equities analysts forecast that Aon plc will post 17.24 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.70%. AON’s dividend payout ratio is currently 21.33%.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.